Fed Rate Hike Doesn't Make Sense Right Now, BlackRock's Rieder Says

Bloomberg Markets•Fri, Aug 7, 2026, 01:58 PM•2 min read

Rick Rieder, CIO of global fixed income at BlackRock, says the July US employment report most likely takes a Federal Reserve rate hike off the table. Speaking on "Bloomberg The Open," Rieder says a rate cut is still possible this year.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-07/fed-rate-hike-doesn-t-make-sense-blackrock-s-rieder-video)

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